Common use of Amendments to the Conditions Clause in Contracts

Amendments to the Conditions. The Bank is entitled to amend these General Conditions Savings & Deposits at any time. The Bank shall inform the Client of such amendments in writing or by digital means of communication. In case the Client is of the opinion that these amendments have a serious negative impact on his or her position, then that Client is entitled to terminate his or her Term Deposits within 30 days after receipt of the amended conditions, in which case the Bank shall pay the Deposit Interest accrued up to the date of cancellation of that Term Deposit. This right to terminate does not apply in case the amendments to the General Conditions Savings & Deposits were the result of changes to mandatory laws applicable to the Bank.